Innovator Laddered Allocation Power Buffer ETF (BATS:BUFF) Hits New 1-Year High – Here’s Why

Innovator Laddered Allocation Power Buffer ETF (BATS:BUFF)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $54.32 and last traded at $53.7550, with a volume of 15462 shares traded. The stock had previously closed at $53.88.

Innovator Laddered Allocation Power Buffer ETF Stock Down 0.2%

The company’s 50 day moving average price is $53.24 and its 200 day moving average price is $51.90. The firm has a market capitalization of $806.61 million, a price-to-earnings ratio of 24.31 and a beta of 0.44.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BUFF. NewEdge Advisors LLC boosted its position in Innovator Laddered Allocation Power Buffer ETF by 9.6% in the first quarter. NewEdge Advisors LLC now owns 9,966 shares of the company’s stock valued at $439,000 after buying an additional 875 shares during the last quarter. Jane Street Group LLC acquired a new stake in Innovator Laddered Allocation Power Buffer ETF during the 1st quarter valued at approximately $962,000. Diversify Wealth Management LLC increased its stake in shares of Innovator Laddered Allocation Power Buffer ETF by 11.9% in the second quarter. Diversify Wealth Management LLC now owns 33,248 shares of the company’s stock worth $1,595,000 after acquiring an additional 3,545 shares during the period. MML Investors Services LLC increased its stake in shares of Innovator Laddered Allocation Power Buffer ETF by 2.7% in the second quarter. MML Investors Services LLC now owns 91,966 shares of the company’s stock worth $4,322,000 after acquiring an additional 2,379 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Innovator Laddered Allocation Power Buffer ETF by 16.9% during the second quarter. Captrust Financial Advisors now owns 18,126 shares of the company’s stock worth $852,000 after purchasing an additional 2,615 shares during the last quarter.

About Innovator Laddered Allocation Power Buffer ETF

The Innovator Laddered Allocation Power Buffer ETF (BUFF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of Innovators twelve monthly Power Buffer ETFs, which targets specific buffered losses and capped gains on the S&P 500. BUFF was launched on Oct 20, 2016 and is managed by Innovator.